Under the UCC,courts Will Frequently Enforce a Contract That Does

question 42

True/False

Under the UCC,courts will frequently enforce a contract that does not state a price.

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Definitions:

Store Equipment

Fixed assets owned by a retail business, used in the operation and display of merchandise.

Current Liabilities

Financial responsibilities that must be settled within a year or during the regular course of a business's operational cycle.

Comprehensive Balance Sheet

An extensive version of a balance sheet that includes all financial information and disclosures including those outside the conventional balance sheet.

Assets

Economic resources controlled or owned by a business that are expected to produce benefits in the future.